Your Financial Needs in Retirement–The Proverbial Moving Target
So, how much of a nest egg do you need to have a comfortable retirement? Sounds like a fairly simple question, doesn’t it? Well, if you don’t consider all the variables ahead of you it can be as simple as just picking a number and charting a course that keeps you withing that number. But what about those variables–health care costs, travel and lifestyle interests, future earnings on your cash reserves, and so on? And suppose you have unexpected support costs for parents or children who elect to remain with you longer than anticipated? If you want to have a solid and workable plan, beginning with a strategy to maximize your Social Security benefits, it’s a good idea to get a firm grip on where the exposures lie. Forbes contributor John Wasik, in a post today on www.forbes.com, takes a look at this subject and offers some insights into the importance of using a systematic approach to your long-term planning. Read his post here…
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